Presenting the financial and nonfinancial
results of the National
Radioactive Waste Disposal
Institute (NRWDI) for the
financial year 2022/23 gives me
a great deal of pleasure.


The NRWDI currently receives its main source of funding
from the fiscus through grant transfers via the Department
of Mineral Resources and Energy (DMRE). The government
grant allocation in the current year was R50.304 million, which
was an increase of 2.31% on the government grant from the
previous year. The entity’s revenue budget was augmented by
interest income of R1.625 million, bringing the total budgeted
revenue to R51.929 million.
In achieving a zero-deficit budget in the financial year under
review, R42.846 million was allocated to compensation of
employees’ expenses, while R9.083 million was allocated to
other expenses.
The interest received from the current and call accounts
amounted to R2.552 million. In addition to this, an income of
R1 058 was earned from commission and services rendered.
No adjustments were made to the budget during the midterm
budget cycle. The NRWDI continued to maintain its
going-concern status over the financial year under review
through sound financial management and prudent accounting
The organisation continues to be in a fairly healthy financial
position. Its cash and cash equivalents are R36.904 million,
which is equivalent to a 1.59 cash turnover ratio and a liquidity
ratio of 5.75, as at the end of the financial year.
The net asset value for the same period is reported as
R30.867 million. The previous financial year’s accumulated
surplus of R23.52 million, which was calculated according to the
Treasury Instruction Note No. 12 of 2020/21, was approved
for rollover by National Treasury in November 2022 to be
used for the purpose of the entity’s information technology
(IT) infrastructure costs, nuclear installation licence costs and
costs related to the feasibility study of the Centralised Interim
Storage Facility (CISF) project